Auto Industry

car&bike Team
May 27, 2022, 8:49 PM
Without elaborating further, the official added that no final decision had been taken and all possible ways to pay for goods were still under discussion.
1 Min
Reuters | May 27, 2022Russian Oil's Achilles' Heel: InsuranceRussia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in the works unless Moscow and its customers can plug a gap left by Western underwriters.1 min read
car&bike Team | May 27, 2022Blast At Spanish Biodiesel Plant Kills TwoThe plant is operated by privately-owned company Iniciativas Bioenergeticas which produces biodiesel and glycerine there from recycled vegetable oils.1 min read
car&bike Team | May 27, 2022India's ONGC To Sell Stake, Seeks Global Help To Develop FieldsONGC is hoping to lure interest from global companies with the "requisite technical expertise and financial strength" to support it in developing its Deen Dayal West field in the Bay of Bengal and ultra-deep discoveries in Krishna Godavari Basin.1 min read
car&bike Team | May 27, 2022U.S. Seizes Iranian Oil Cargo Near Greek Island - SourcesThe vessel's Russian owner Transmorflot was subsequently designated on May 8. The tanker, renamed Lana on March 1 and flying the Iranian flag since May 1, has remained near Greek waters since then. It was previously Russian-flagged.1 min read
Reuters | May 27, 2022Taiwan's Delta Electronics Expanding 'Everywhere' on EV, Server BoomMore traditional automakers such as Ford Motor Co, not just Tesla, are seeing their EV sales soar, a trend that will continue to Delta's benefit, he added.1 min read
Reuters | May 27, 2022Asia Shares Join Global Rebound On Easing Of Fed Hike Fears, China Tech BoostAsian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers1 min read
car&bike Team | May 27, 2022India's ONGC To Boost Exploration With $4 Billion Investment Over 3 YearsIndia, the world's third biggest oil importer and consumer, ships in over 80% of its oil needs. Asia's third largest economy wants to monetise its oil and gas resources to cut its import bill.1 min read
car&bike Team | May 27, 2022COVID-hit Shanghai Heads For Lockdown Exit But China Still Lost In Economic GloomShanghai is set to finally emerge from its lockdown on June 1 after new infections fell sharply. The mega-city of 25 million people has been cautiously allowing more of its population to venture out and putting more vehicles back onto its once busy streets and boulevards.1 min read


























































